Iran and Qatar have resumed their maritime trade following roughly five months of suspension, Iran’s commercial attaché in Doha said on Sunday, Anadolu reports. Maritime shipping between Iran’s Dayyer Port and Qatar’s Al Ruwais Port resumed following coordination between the Iranian Embassy in Doha and Qatari authorities, Abbas Abdolkhani added in statements carried by Iran’s state news agency IRNA. Tensions have escalated in the Middle East after the US and Israel launched strikes on Iran in February. Tehran retaliated with strikes on Israel and other regional countries hosting US assets, including Qatar. The fighting stopped on April 8 when Pakistan secured a ceasefire, and an initial memorandum was signed in June. Mediators, including Qatar, continue talks for a final deal. READ: Qatar says frozen Iranian funds remain withheld as US-Iran Talks Continue
Iran and Qatar have resumed their maritime trade following roughly five months of suspension, Iran’s commercial attaché in Doha said on Sunday, Anadolu reports. Maritime shipping between Iran’s Dayyer Port and Qatar’s Al Ruwais Port resumed following coordination between the Iran…
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A tanker identified as the Kaifan was struck by an unknown projectile northeast of Oman’s Limah in the Strait of Hormuz, according to a July 21 report from UK Maritime Trade Operations. No ships were observed transiting the strait that day. Attribution of the strike and links to prior incidents have not been confirmed by the vessel’s owner.
Goldman Sachs has projected Brent crude averaging $80 per barrel in the fourth quarter and $75 in the following year, conditional on reduced Middle East tensions, while noting upside risks from potential shipping disruptions in the Strait of Hormuz or Red Sea.
Brent prices rose above $91 per barrel amid recent U.S.-Iran exchanges and Houthi threats to Saudi shipments before edging lower on Tuesday. A senior Iranian official told Reuters that mediators had proposed a 10-day ceasefire to preserve an interim agreement.
US forces struck the tanker Settebello in the Gulf of Oman on June 10, killing three Indian crew members when munitions hit the engine room and adjacent areas. Maritime tracking data indicate the vessel had transported Iranian oil under US sanctions for several years and conducted offshore transfers prior to the strike.
The US military described the action as a precision operation, while reports note the ship was stationary at the time.
Iranian officials reported strikes on US radar and air defense sites in Kuwait and Bahrain, along with the interception of two oil tankers in the Strait of Hormuz. The United States conducted strikes on Iranian targets following the deaths of three US soldiers, with the Pentagon stating the actions aimed to degrade capabilities affecting shipping.
Houthi forces in Yemen announced plans to blockade Saudi ports, while both US and Iranian leaders issued statements on further escalation.